Core Knowledge Foundation EIN 54-1371584

Core Knowledge Foundation FY2020 filing

EIN  54-1371584 Public charity (501(c)(3)) Charlottesvle, VA Founded 1986
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Ensures educational excellence and equity for all children.
Leadership
Linda Bevilacqua · President · $208K
Money in and out
$3.8M revenue, $2.9M expenses
Bottom line
56% program efficiency

Ensures educational excellence and equity for all children. For fiscal year 2020 it reported $3.8M in revenue, $2.9M in expenses, and $6.0M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $856K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.44 Fundraising $0.00
Program efficiency
56%
of spending reaches programs
Operating runway
17.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$3.8M
FY2020
Expenses
$2.9M
FY2020
Total assets
$6.7M
FY2020
Total liabilities
$729K
FY2020
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$856K
Total assetsPt X · Ln 16$6.7M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2020.
01

Core knowledge history and geography (CKHG) curriculum inititally funded with a board-approved use of the foundation's own assets, the foundation received subsequent grant funding to continue development of CKHG. Instructional materials for 51 units, k-grade 6 are available through our website for free download.

$836Kprogram expense
02

Core knowledge language arts (ckla) curriculum as of 2015, ckla instructional materials for prek grade 5 (teacher guides, activity books, and student books) have been available for free download through the core knowledge website.

$417Kprogram expense
03

Core knowledge science (cksci) curriculumthe core knowledge science (cksci) program includes a comprehensive elementary science curriculum, plus additional resources for teachers and students in kindergarten through grade 5.THE curriculum provides students with a firm basis in the factual knowledge of the sciences and engineering design…

$374Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCore Knowledge Foundation
EINHdr · item D54-1371584
Principal addressHdr · item CCharlottesvle, VA
WebsiteHdr · item Jwww.coreknowledge.org
Year of formationHdr · item L1986
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B190)
Ruling yearIRS BMFJul 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$207,571Pt VII · Sec A
Director of Science Curriculum
$113,057Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Linda Bevilacqua$217,119$201,673$196,673$211,533$207,571
Daniel Franck$141,439$132,811$128,336$116,064$113,057
Rosemary McCormick$131,560$126,219$130,881$112,513
Kristen Rodriguez$120,283
Samantha Legard$120,283$106,908
Kristen Rodrguez$114,375$103,510
Ilene Goldman$112,550$105,900

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$2.6M · 70%
Program service revenue$882K · 23%
Contributions & grants$201K · 5%
Investment income$40K · 1%
Other revenue70%$2.6M
Program service revenue23%$882K
Contributions & grants5%$201K
Investment income1%$40K
— government grantsLn 1e$196K
Total revenueLn 12$3.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44 Fundraising $0.00
Program services56%$1.6M
Management & general44%$1.3M
Fundraising$9K
Total functional expensesLn 25$2.9M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$6.7M
Total liabilitiesLn 26$729K
Total net assetsLn 32$6.0M
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.3M · Operating expenses/yr $2.9M
17.8 months
Where the money goes
Program services
Program services $1.6M · Total expenses $2.9M
56%
Management & General
Management & general $1.3M · Total expenses $2.9M
44%
Fundraising
Fundraising $9K · Total expenses $2.9M
0%
Cost to raise $1
Fundraising expense $9K · Solicited contributions $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $201K · Total revenue $3.8M
5%
Government reliance
Government grants $196K · Total revenue $3.8M
5%
Earned-income share
Program service revenue $882K · Total revenue $3.8M
23%
Investment reliance
Investment income $40K · Total revenue $3.8M
+1%
Program self-sufficiency
Program service revenue $882K · Total expenses $2.9M
30%
Growth & trend
Revenue growth (YoY)
This year $3.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.8M · Expenses $2.9M
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $6.7M
Net-asset ratio
Net assets $6.0M · Total assets $6.7M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.7M
40%
People & payroll
Highest Reported Total Compensation
Individual Linda Bevilacqua · Reported title PRESIDENT · Highest reported compensation $208K · Total expenses $2.9M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $2.9M
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 44%
Fundraising cost ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Shamash FundFY2023$1K
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$25.3M revenue · ⤓ 990 PDF
FY2023$22.1M revenue · ⤓ 990 PDF
FY2022$9.0M revenue · ⤓ 990 PDF
FY2021$6.9M revenue · ⤓ 990 PDF
FY2020$3.8M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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